Cryptocurrency

Cryptocurrency

ISDA Launches Standard Definitions for Digital Asset Derivatives

By Editors | 27/01/2023

ISDA says the definitions set clear provisions for execution and settlement and will help to reduce credit and market risk in digital asset trading.

Anti-Money Laundering

Crypto Exchange Coinbase Fined in the Netherlands

By Editors | 26/01/2023

The DNB said Coinbase was offering services to Dutch users before it was formally registered as required by local laws.

Market Abuse

US SEC Charges Man for Crypto Token Manipulation Scheme

By Editors | 26/01/2023

The SEC said Avraham Eisenberg orchestrated an attack on Mango Markets. He also faces criminal and civil charges brought by the DOJ and CFTC.

Anti-Money Laundering

UK FCA Offers Guidance on Crypto Business Registration

By Editors | 26/01/2023

The guidance draws from over 300 applications received by the FCA to date, to help crypto firms prepare their applications for registration.

Custody & Infrastructure

NYDFS Issues Guidance on Crypto Custody and Related Disclosures

By Editors | 25/01/2023

The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.

Capital Adequacy

EU Lawmakers Back Draft Law to Implement Basel III

By Editors | 25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

Cryptocurrency

FTX Explores Possible Revival of Global Crypto Business

By Sanday Chongo Kabange | 25/01/2023

FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.

Cryptocurrency

Crypto Lender Genesis Files for Bankruptcy Protection

By Editors | 24/01/2023

Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.

DeFi & Web3

WEF Publishes Toolkit to Facilitate Development of DAOs

By Editors | 21/01/2023

DAOs have the potential to address the shortcomings of traditional firms while also realising more equitable governance and operations.